Warburg Pincus explores sale of IndiaFirst Life stake – report

Warburg Pincus is reportedly considering divesting its involvement successful the Indian institution IndiaFirst Life Insurance by selling its 26% stake.

The discussions are said to connote a valuation of much than Rs100bn ($1.1bn) for the Mumbai-based insurer, The Times of India has reported.

The involvement is held via Warburg Pincus affiliate Carmel Point Investments India.

A scope of imaginable buyers are understood to person shown interest, including strategical investors and backstage equity firms.

The process follows a antecedently planned archetypal nationalist offering (IPO) that was enactment connected clasp owed to marketplace volatility.

Warburg Pincus agreed successful June 2018 to get the afloat 26% shareholding of Legal & General and completed the acquisition successful aboriginal 2019.

Legal & General had been a promoter from IndiaFirst Life’s motorboat successful 2010 and exited arsenic portion of a displacement successful absorption to different markets.

Reported parties reviewing the accidental see Prudential and BNP Paribas, on with backstage equity funds and astatine slightest 1 South Korean beingness insurer conducting owed diligence.

Market notation points person included the listing of Canara HSBC Life.

Attention has besides been linked to the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, that was passed by India’s Parliament successful December 2025.

The changes summation the overseas concern headdress successful security companies to 100% from 74% nether the automatic way and loosen respective operating and governance requirements.

In June this year, Warburg Pincus was reportedly successful discussions to merchantability its 10% involvement successful SBI General Insurance, a determination that could person valued the insurer astatine astir $4.5bn.

SBI General Insurance is simply a subsidiary of the State Bank of India (SBI) and the institution employs much than 8,000 people, operating a multi-channel organisation exemplary crossed bancassurance, agency, broking, nonstop retail channels and integer partnerships.

"Warburg Pincus explores merchantability of IndiaFirst Life involvement – report" was primitively created and published by Life Insurance International, a GlobalData owned brand.

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